PUBLISHER: QYResearch | PRODUCT CODE: 1321000
PUBLISHER: QYResearch | PRODUCT CODE: 1321000
Microswitch, also trademarked and frequently known as miniature snap-action switch, is an electric switch that is actuated by very little physical force, through the use of a tipping-point mechanism, sometimes called an "over-center" mechanism.
Switching happens reliably at specific and repeatable positions of the actuator, which is not necessarily true of other mechanisms. They are very common due to their low cost and durability, greater than 1 million cycles and up to 10 million cycles for heavy duty models. This durability is a natural consequence of the design.
The defining feature of micro switches is that a relatively small movement at the actuator button produces a relatively large movement at the electrical contacts, which occurs at high speed (regardless of the speed of actuation). Most successful designs also exhibit hysteresis, meaning that a small reversal of the actuator is insufficient to reverse the contacts; there must be a significant movement in the opposite direction. Both of these characteristics help to achieve a clean and reliable interruption to the switched circuit.
According to QYResearch's new survey, global Microswitch market is projected to reach US$ 749 million in 2029, increasing from US$ 642 million in 2022, with the CAGR of 2.2% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Microswitch market research.
Global Microswitch key players include: Omron, Alps, Johnson Electric(Burgess), Panasonic, etc. Global top four manufacturers hold a share over 20%.
China is the largest market, with a share over 40%, followed by Europe, and Japan, both have a share about 30 percent.
In terms of product, Ultraminiature Type is the largest segment, with a share about 45%. And in terms of application, the largest application is Electronic Equipment, followed by Instrument, Power System, Appliances Equipment, etc.
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Microswitch market with multiple angles, which provides sufficient supports to readers' strategy and decision making.